Single premium annuities are a good choice for converting lump sums of money, such as insurance proceeds or a retirement package payout into income. American National immediate fixed annuities can provide a steady stream of income payments to help meet your needs, and you can choose a payment schedule that works best for you.
Tax advantaged income – Spreading taxable income over a number of years through an immediate annuity may help you better manage your tax liability.
Predictable income payment options – You have the ability to choose how long and how often you receive your income. Some options ensure income continues over the life of the policyholder(s).
Access to annuity value – there are several options that allow access to the accumulated annuity value, including partial withdrawals and conversion to income payment options. Withdrawals may be subject to taxes and surrender charges.